Michelle Bullock fires back after criticism on interest rates; AirTrunk’s $24 billion data centre deal; Optus & TPG get greenlight from ACCC; oil surplus drives prices down; CCA calls for us to eat less red meat; beef exports hit record highs; trade surplus widens; crypto being left in wills; and Kyle Rodda joins us for the Market Wrap.



Host: Deborah Knight

Executive Producer: Tom Storey

Technical Producer: Liam Achurch

Publisher: Nine Radio

Michelle Bullock fires back after criticism on interest rates; AirTrunk’s $24 billion data centre deal; Optus &amp; TPG get greenlight from ACCC; oil surplus drives prices down; CCA calls for us to eat less red meat; beef exports hit record highs; trade surplus widens; crypto being left in wills; and Kyle Rodda joins us for the Market Wrap.
 
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio

Join Deborah Knight for Money News, the most respected business program on radio.


If you crave the latest insights into super & small business, interest rates & investment, and economics & e-commerce, then the team at Money News has everything you need to know.


Add your voice to the conversation Monday to Thursday 7pm to 8pm by calling 131 873, texting 0460 873 873, or emailing moneynews@2gb.com

Join Deborah Knight for Money News, the most respected business program on radio.
 If you crave the latest insights into super &amp; small business, interest rates &amp; investment, and economics &amp; e-commerce, then the team at Money News has everything you need to know.
 Add your voice to the conversation Monday to Thursday 7pm to 8pm by calling 131 873, texting 0460 873 873, or emailing <a href="mailto:moneynews@2gb.com">moneynews@2gb.com</a>

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Money News with Deb Knight - 5th September

Australia’s beef farmers are in a good spot, with prices starting to rise, the weather’s ok, and exports hitting record highs.

Australia’s beef farmers are in a good spot, with prices starting to rise, the weather’s ok, and exports hitting record highs.

Angus Gidley-Baird, Senior Analyst, Animal Proteins at Rabobank

The oil price has been on the slide in recent days, with lower demand and extra supply behind the change.
ASX200: up 0.40%, 7,982
AUD: 67.28 US cents
GOLD: $2,544 US/oz
BITCOIN: $84,685 AUD
Leading the pack were tech stocks.. energy was down almost 4%, as the oil price slid once again. 
Losses were led by Woodside, which slipped 6.8% to $25.00 after also being downgraded to a “sell” rating from Citi.
The AirTrunk deal was also good for ASX-listed data centre company NextDC, which gained 8.4% to $17.42.
More falls for the iron ore price – with futures down to $US 90 a tonne –  wasn’t enough to put off the big miners, with BHP & Rio Tinto both in the green.
Coal miner Coronado shares were down 16% to 92 cents.

The oil price has been on the slide in recent days, with lower demand and extra supply behind the change.
<ul>
<ul>
<li aria-level="1">ASX200: up 0.40%, 7,982</li>
<li aria-level="1">AUD: 67.28 US cents</li>
<li aria-level="1">GOLD: $2,544 US/oz</li>
<li aria-level="1">BITCOIN: $84,685 AUD</li>
</ul>
</ul>
<ul>
<li aria-level="1">Leading the pack were tech stocks.. energy was down almost 4%, as the oil price slid once again. </li>
<li aria-level="1">Losses were led by Woodside, which slipped 6.8% to $25.00 after also being downgraded to a “sell” rating from Citi.</li>
<li aria-level="1">The AirTrunk deal was also good for ASX-listed data centre company NextDC, which gained 8.4% to $17.42.</li>
<li aria-level="1">More falls for the iron ore price – with futures down to $US 90 a tonne –  wasn’t enough to put off the big miners, with BHP &amp; Rio Tinto both in the green.</li>
<li aria-level="1">Coal miner Coronado shares were down 16% to 92 cents.</li>
</ul>

The Market Wrap with Kyle Rodda, Senior Financial Market Analyst at Capital.com

The Reserve Bank has been under fire for its interest rate agenda, but a speech from Governor Michele Bullock has reiterated that we’re nowhere near rate cuts yet.

The Reserve Bank has been under fire for its interest rate agenda, but a speech from Governor Michele Bullock has reiterated that we’re nowhere near rate cuts yet.

Money News with Deb Knight - 5th September

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